Sensex Today Tanks 1,215 Points | Nifty Ends Below 23,650 | 5 Reasons Why Indian Share Market is Falling

Mon, 6 Jan Closing

   Previous Close   

   Pre-Open   

   10:30 am   

After starting the day on a positive note, the benchmarks dragged as the session progressed and ended the day on weak note.

Benchmark Indian equity indices BSE Sensex and Nifty 50 were trading with deep cuts on Monday, amid mixed global cues.

At the closing bell, the BSE Sensex stood lower by 1,215 points (down 1.5%).

Meanwhile, the NSE Nifty closed lower by 377 points (down 1.5%).

Apollo Hospital, HCL Tech and Titan was the top gainer today.

BPCL, NTPC and Trent on the other hand, were among the top losers today.

For a comprehensive overview of key players in the financial sector, check out list of Fin Nifty Companies.

The GIFT Nifty ended at 24,056 down by 241 points.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.

The BSE Mid Cap ended 2.4% lower and the BSE Small Cap index ended 3.1% lower.

Sectoral indices are trading on negative note with stocks in power sector, metal sector and realty sector witnessing selling pressure.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

The rupee is trading at 85.81 against the US$.

Gold prices for the latest contract on MCX are trading 0.3% lower at Rs 77,064 per 10 grams.

Meanwhile, silver prices are trading 0.6% higher at Rs 89,766 per 1 kg.

Here are five reasons why Indian Markets are falling today

#1 HMPV Virus Fears

After the Covid pandemic, the entry of the HMPV virus is denting the market sentiments. As per reports, the Indian Council of Medical Research (ICMR) has detected two cases of HMPV in Karnataka.  Both cases were detected at Bengaluru's Baptist Hospital.

#2 Rupee Depreciation

The dollar eased on Monday but held close to a two-year peak, as traders awaited a raft of the US economic data this week headlined by December's nonfarm payrolls report for further clues on the Federal Reserve's rate outlook.

The dollar has continued to draw strength from expectations of fewer Fed cuts this year, with its climb to a two-year high last week pushing the euro to its weakest level in more than two years.

#3 FII Selling

Foreign Institutional Investors (FIIs) net sold (Indian) equities worth Rs 42.3 bn on 3 January 2024.  Meanwhile, in January 2025, FIIs withdrew Rs 42.9 bn in the first three trading sessions.

#4 Trump Inauguration

US President-elect Donald Trump will take office on January 20 after defeating Democratic candidate Kamala Harris in November's presidential election.

Trump has threatened to slap tariffs of at least 10 per cent on goods from China and to impose levies of 25 per cent on products from both Mexico and Canada, prompting importers like Reynolds to import early to avoid higher costs that are often passed on to consumers, as per reports.

#5 Weak Global Cues

Asia-Pacific slipped with Japan's Nikkei down 1.5%, Hong Kong's Hang Seng down 0.5%, China's mainland CSI 300 down 0.1%.  Similarly, the United Kingdom's FTSE was down 0.4%.

Speaking of stock markets, research analyst, Tanushree Banerjee highlights the growing shift towards digital signatures as entities aim to reduce paper-based transactions. Government agencies, banks, and educational institutions are key users of eSign services.

With the global digital signature market projected to grow from US$ 7.6 billion in 2024 to US$ 119 billion by 2032, driven by a CAGR of over 30%, and blockchain enhancing document security.

What kind of opportunity does this trend present to investors in the fintech space?

JSW Energy Cracks 5%. Here's Why

In news from the power sector, shares of JSW Energy are under intense selling pressure, down sharply by over 5% on 6 January, after the company informed that the Central Electricity Regulatory Commission (CERC) has not approved the proposed tariff for a battery energy storage project from Solar Energy Corporation of India Limited (SECI).

CERC has cited that the tariff proposed by JSW Energy for the SECI project signed in January 2023 is much higher than what has been discovered in recent auctions.

In an order dated 2 January 2025, CERC said the proposed tariff 'is not aligned with the prevailing market prices' due to delay by SECI in signing the Battery Energy Storage Purchase Agreement and the Battery Energy Storage Sale Agreement.

JSW Energy said it is in the process of filing an appeal against the CERC order.

The LoA for the project marked JSW Energy's foray into energy storage solutions, giving the company an early mover advantage.

Union Bank Down 7%. Here's Why

Moving on to news from the banking sector, shares of Union Bank of India tumbled 7% to Rs 115 per share on 6 January 2025 after the state-run reported weakest December quarter business update amongst all lenders so far.

Union Bank's deposits grew modestly by 4% year-on-year (YoY) to Rs 12.16 trillion (tn) in Q3FY25 but declined 2% on a quarter-on-quarter (QoQ) basis.

Global gross advances, meanwhile, rose by 6% YoY and 2.2% QoQ in the December quarter.

In terms of domestic deposits, the PSU lender registered 2.4% YoY growth in Q3FY25 and domestic advances rose by 5.3%YoY. Domestic CASA deposits, however, saw a 0.4% YoY drop in the December quarter update and domestic retail advances saw a 16% jump YoY.

Including today's fall, over the past month, shares of Union Bank of India cracked over 10%.

Despite the strong rally seen in PSUs in 2024, Union Bank is still undervalued. For more details, check out- Top 5 Undervalued PSU Stocks to Watch Out for as 2025 Begins.

Why Marico Share Price is Falling?

Moving on to news from the FMCG sector, shares of Marico fell by more than 2.5% on 6 January, over concerns that a higher-than-expected inflation in copra and vegetable oil prices may have dented the gross margin of the company in Q3FY25.

Marico has said it may see modest operating profit growth this quarter as a result of expansion, and investments in brand building.

During its third quarter business update, Marico said on January 3 that rising input costs may result in a higher-than-anticipated margin contraction, compared to a year ago. This may be due to the management's focus on expansion of the consumer franchise, said the company.

The Parachute Coconut Oil brand demonstrated resilience despite rising input costs and a challenging pricing environment, although volumes declined sequentially. The brand achieved low double-digit revenue growth and implemented another price increase in December to counter persistently high copra prices.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers